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Panetta announces Federal Grants for CA Farmlink

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On Tuesday, October 9  District 20 Congressman Jimmy Panetta (CA-20) announced that California FarmLink received federal grants and loan capital totaling over $1,086,000 from the U.S. Department of Agriculture (USDA) Office of Rural Development. California FarmLink received an Intermediary Relending Program loan totaling $1,000,000 to relend for business and community development initiatives in rural areas of Monterey, San Benito, Santa Cruz, and the surrounding counties. The funds will support at least 40 small businesses in rural California, which will help create 80 rural jobs and save 200 rural jobs. The organization also received a $50,000 Rural Business Development Grant to provide technical assistance and access to loan capital to low-income, immigrant, and beginning farmers, as well as a Rural Microentrepreneur Assistance Program Grant totaling $36,523 to provide technical assistance to microentrepreneurs and microenterprises across the central coast of California.

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